Macau’s Bet Sustainable After 2013?

Posted: February 9, 2011 in Uncategorized

READ THIS…

 

Reported by The Business Times, 8th Feb 2011

Editor’s Comment:

 This is nothing new in Macau, except that analysts chose to ignore this element for years. 

 Now that the situation clearly points towards building up of gigantic credit risks by junket community (& shared by some casinos), a matter a when it will explode.  If Macau authority continues to allow casino credit to deepen into a full-grown vocanic scenario, Macau must then brace for a historically first in its kind of “Casino Credit Disaster” the other side of sub-prime mortgage credit crisis. 

 The only surviovor of such event would be Venetian Sands (Macau) and Lisboa in view of their strong mass gaming market hold. The rest will face a tough winter during consolidation.

 

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